HANSCOM AFB, Mass. — Members of Hanscom Federal Credit Union were recently paid a loyalty dividend of 2% on deposits and consumer loans.
Deposited in accounts on Dec. 31, the $533 million credit union returned $620,000 to members. The dividend was calculated on dividends earned or loan interest paid.
"We are pleased to share the results of a successful year with every member," said Paul Marotta, chairman of the board. "These payments signify the difference between member-owned financial institutions and those that operate solely for their stockholders."
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Hanscom FCU serves more than 42,000 members.
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